This call is being telecast live on our website and will be available for replay for the next 8 days, both by phone and over the Internet. And I ask that in the context of trying to understand what your watch list looks like today, just kind of given some of the incremental challenges in the tech and biotech industries right now. This recipe results in the formation of new innovative companies such as fintech, social media, self-driving cars and more recently, artificial intelligence. Net Worth: $595,921* *This information is estimated by an algorithm and does not come from any public data. They don't expire until November of this year. To clarify, you're not necessarily going to stand as Chairman? [Operator Instructions] The first question comes from Nick Yulico of Scotiabank. If we see something that we think is attractive, it helps the long-term situation for the company, we'll first do it. Its a case of the haves and have-way-mores when it comes to the earnings collected by the leaders of Los Angeles most influential public firms in commercial and residential real estate. We're between 5% and 10% today. These types of hybrid companies are in their infancy and have yet to totally mature. In 2016, he raked in a mere $425 million, down from the $734.2 million he received in 2015. Maybe give us a sense of what the expectations for this are? On average, Kilroy Realty executives and independent directors trade stock every 13 days with the average trade being worth of $452,115. They need to step up. Thanks. We have adhered to this principle -- rather to the simple effective approach over multiple cycles which has given us the ability to play defense on the downside while maintaining the wherewithal to be opportunistic when it makes sense. Jeffrey Hawken KRC stock SEC Form 4 insiders trading Please proceed. While Schwarzman took home a hefty $567.8 million in 2018, filings with the U.S. Securities and Exchange Commission show that his salary was a fairly modest $350,000, the same as each named senior executive officer at the company. And I've always said that we're going to play offense, but we have got a first -- in order to play off and you've got to be able to play defense. Ask me whether I think this is the right thing, the wrong thing, and I'm open to all that. Our earnings release and supplemental package have been filed on a Form 8-K with the SEC, and both are also available on our website. In addition, he makes $12,086,000 as Chairman of the Board and Chief Executive Officer at Kilroy Realty. So -- the other thing I'd say is that there is more sublease space on the market. Kilroy Realty went public in 1996. So there's a lot of stuff that's going on. And with that, we will conclude today's conference call. Maybe just talk a little bit more about what that could look like? Please disable your ad-blocker and refresh. This $450 million mixed-use development broke ground in June and will take up an entire city block. You have -- you have just different dynamics going at any given time. But the nature of technology is it's disruptive. But now it's become a much bigger factor with regard to just what people want for their student body. These earnings consisted of a base salary of $900,000, $6.37 million in share awards, $1.39 million in option awards and $11,166 in other compensation. I want to emphasize that we have no debt maturities until December of 2024 and limited interest rate exposure with over 90% of our debt fixed. I don't -- we never really anticipated that we would lease all 3 buildings to one single user. The most recent stock trade was executed by Dale F Kinsella on 2 February 2005, trading 5,000 units of KRC stock currently worth $101,900. If you want to make money from it, you figure out how to utilize it. Or just how we should think about potential sales, JVs, types of assets you're thinking about? WebJohn Kilroy is 63 years old and was born on 10/06/1958. WebAs of this date, John is married. The macro environment today, I think I defined as -- it just lacks certainty. John Kilroy Net Worth The estimated Net Worth of John B Jr Kilroy is at least Kilroy Realty stock worth over 509,808$ and over the last 19 years he sold KRC stock We don't feel like we have our backs against the wall on any of that. Kilroy Realty Corporation (KRC), a publicly traded real estate investment trust and member of the S&P MidCap 400 Index, is one of the West Coast's premier landlords. Now we will be happy to take your questions. Was the parking income higher than your original expectations this quarter? I don't know. Maybe starting on leasing going to Rob. Obligations for 2024 include a $425 million debt maturity in December plus any additional development costs. Prospective tenants are increasingly evaluating landlord capabilities and financial strength. Please proceed. So for example, 350 Mission last year, Salesforce is subleasing both to Yelp and to Sephora, that space move quickly, and that's what you're going to see. Thank you for joining us. Last week, a bunch of us met with all our management teams. Please proceed. And it seems to me that -- and again, I'm not an expert. In 2018, he took home a total of $9.1 million, a sizable increase from his $5.2 million compensation package in 2017. As John mentioned in his remarks, our liquidity remains strong at $1.6 billion, which is comprised of $330 million in cash, $170 million in future term loan proceeds and $1.1 billion of capacity on our line of credit. And when I was just blown away from in San Francisco is we reported -- I think it was probably the fourth quarter -- rather -- yes, fourth quarter call, that the difference between post Labor Day and pre-Labor Day was just extraordinary that there were so many -- so many more people back to work. Jeffrey Hawken owns over 15,000 units of Kilroy Realty stock worth over $4,498,726 and over the last 20 years Jeffrey sold KRC stock worth over $602,210. John? That was up from his compensation of $7.9 million in 2016 and $7.5 million in 2015. You know that. I know I'm breaking the two question rules, apologies. In keeping with historical practice, we continue to pay this amount as a base salary.. Thank you. The buildings were purposely designed for Life Science, but they can accommodate single users as well as multi-tenant. And I'd finish with this point, which for quite a few years, Hollywood had very muted activity in terms of leasing. This past April, the company announced plans to build a three-story office complex that would offer 67,000 square feet of space in its Warner Center office campus in Los Angeles. This building fits and I'll pay up for it and just building even though it's cheap, I don't want it. Good morning, out there. First of all, just to remind everyone, we have three buildings, about 863,000 square feet under construction. As we think about how to move through the current downturn, I would like to share with you how we have positioned the company in this current environment. Kilroy's net income attributable to common shareholders rose 6.6% to $56.6M. The macro environment today, I think I defined as -- it just lacks certainty. As a real estate investment trust with 245 employees, Kilroy enjoys a market capitalization of about $7 billion, according to Bloomberg. Austin, our building is brand-new and all the leases that either just started or will start when the tenant improvements are done, and there's no termination right. I see them about once a year. I'm just curious if you could provide a little bit of color on the Austin market and just any interest you're seeing at Indeed Tower. This reflects another encouraging update for our markets, and we anticipate this trend to accelerate as more return to office mandates are implemented. John has made over 13 trades of the Kilroy Realty stock since 2003, according to the Form 4 filled with the SEC. And you can get into all kinds of questions about AI, about its potential for reducing the workforce and creating a new level - a higher level of what's considered full employment - meaning higher level of unemployed, you can get in all kinds of moral discussions about it as well, which I don't want to do. On average, John trades about 5,921 units every 139 days since 2003. Well, that's going to happen, too. John B. Kilroy, Jr., Chairman and CEO, But any time people don't proceed with new development generally is good for existing product, right. In 2024, we have two move-outs to over 100,000 feet, both of [indiscernible] TBD in terms of how those play out, and we have none in 2025 over 100k. Great. Thank you. I mean, I haven't gotten there yet. In 2018, however, Elliman was deeply affected by the overall slowdown in the residential market and saw a decrease in profits of 75 percent. Yes. And they always have a problem. Is there any benefit maybe in your [indiscernible] fully leased, but any benefit you can maybe have from them pausing that? And many of those, we had no CapEx. Cash rent spreads look down, the retention ratio is a bit low, I think Eliott talked about in the last quarter. So I will pass the conference back over to Mr. Hutcheson for any closing remarks. But generally, they arrived at pretty quickly by mostly consensus. We'll probably get a few inquiries occasionally. So we're doing some upgrades like the lobbies and some of the exterior and mechanical systems. With regard to, Nick, this is John speaking. The majority of Schwarzmans 2018 earnings came from Blackstones dividends. You're going to two or one, two or three, and you want to make sure that you've got the presence, whether it's your outside areas, your lobby areas, your common areas, if you have conference centers or gyms or things like that, you really want to present yourself well so people could see that it's a plug and play, and that's what we do really well. We purposefully built the company to make sure that we have plenty of liquidity and a great balance sheet if we ended up with headwinds, and we do have headwinds. Well, the primary tenant, the sub-lessor is not going to say, well, I can give you options to renew and obligate themselves to exercise as an obligation to create an obligation to exercise their own option. So for us, we can accommodate 44,000 feet on 1 floor or 1.5 floors for a larger tenant in the 60,000-foot range. Anything that's mostly processed and not brain is going to be materially impacted. And it's just, we came to the conclusion that it was best practices to be transparent. Schneiders 2018 pay was also included $5.9 million in stock awards, $1.5 million in option awards, $660,000 as part of a nonequity incentive plan and $60,747 in other compensation. And Nick, just to add to that, what we were trying to convey is -- we feel really good about where we are liquidity-wise, but that doesn't mean we're just going to sit here and wait, right? On the Sorrento space, I just wanted to ask if there was anything unique about that build out that would make it difficult to lease or re-lease quickly? And what's going to drive that decision making? I think on the last call, you mentioned that Indeed Tower is going to be placed into the portfolio in the fourth quarter, if I remember that correctly? And now the realm of options or possibilities that they can innovate has grown exponentially that allows for a greater multiplier effect. In November 2018, Kilroy Realty leased 355,000 square feet of office space to Netflix at the Academy on Vine project under construction in Hollywood. Over the last 20 years, insiders at Kilroy Realty have traded over $3,860,822 worth of Kilroy Realty stock. That total included a salary of $990,000, $5.1 million in stock awards, $2.5 million in nonequity incentive plan compensation and $4,500 in other compensation, according to the most recent filings available. WebIn his memoir about racing, business and life, Kilroy described being born in Ruby, Alaska, on May 1, 1922, and then growing up in Southern California during the Great Depression. It just is going to get out. John Kilroy Net Worth The estimated Net Worth of John B Sr Kilroy is at least Kilroy Realty stock worth over $487,234 and over the last 18 years he sold KRC stock worth over $0. Then if you are at the other end of the spectrum, which are -- you're not in the right location or you don't have the right quality of building or a combination of both, there's just a whole bunch of stuff that's come on the market that's -- that people have tried to put on the market, we wouldn't even look at it. To understand just how much they made, The Real Deal dug into the latest data available from disclosures of executive compensation packages in securities filings. Austin and San Diego continue to lead the way with respect to physical occupancy with over 70% at quarter end. But against that backdrop, that's also a question to how much availability is there. Now contrast that with San Diego, which is, in most cases, booming, and often when we were there, I mean, it's just on fire with people. 2023 marks my 28th year as CEO of Kilroy Realty and 54th of the company, including its predecessor. Thanks for taking the question. John or Rob, any update on West 8th with Amazon there? All rights reserved 2023 The Real Deal is a registered Trademark of Korangy Publishing Inc. Watch: Developer Patrick Carroll "spits" on restaurant manager, Mitsubishi UFJ to sell SF office building at expected 80% discount, BH scores approval for North Miami Beach apartment tower. Thank you for the explanation and taking my question. Thank you. I mean, obviously, we'll update if we do, but we think those are probably still pretty good dates. But I guess I'm just wondering the consideration to make that announcement before lining up the successor? John Kilroy Net Worth The estimated Net Worth of John B Jr Kilroy is at least Kilroy Realty stock worth over $327,402 and over the last 19 years he sold KRC stock Our net liquidity is robust, but we will not hesitate to enhance it should attractive opportunities present themselves. People are - as Rob has mentioned in prior calls, you're not going to go to all those buildings. Tyler H Rose, President, With a 2018 salary of $3.2 million, $1.15 million in option awards, $3.4 million in nonequity incentive plan compensation and approximately $604,000 in all other compensation, Lorber had a decent year.

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